Global Stick Packaging Market (2021 to 2026) – Growth, Trends, COVID-19 Impact, and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Stick Packaging Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The stick packaging market is expected to grow at a CAGR of 9% over the forecast period (2021-2026).
Stick packs, a type of flexible pouch is perfect for single servings of gels or powders. Stick packs provide an ideal solution for the packaging of powdered drinks, snacks, pharmaceuticals, travel products, and many more.
Companies Mentioned
- Amcor PLC
- Constantia Flexibles
- Glenroy, Inc.
- Aristo Pharma GmbH
- Fres-Co System Inc
- UDG Healthcare plc.
- Winpak Ltd
- Sonoco Products Company
- GreenSeed Contract Packaging
- Sonic Packaging Industries
Key Market Trends
The Food Industry is Expected to Hold the Largest Share
- Stick packaging is used for products such as ready-portioned spice mixes, single-serve beverages including coffee, tea, sugar, milk, drink mixes, and many more owing to its ability to keep the products fresh, thereby providing a longer shelf life.
- In August 2018, Celsius Holdings, Inc.announced the launch of two new flavors to the brand’s SKU lineup, both packaged in convenient on-the-go powdered sticks. The two new flavors combine the clinically proven, functional CELSIUS formula, that bolsters the company’s stick pack offering.
- The rising trend for instant healthy food and beverage options such as drink mixes for bottled water provides great convenience as they are easy to transport due to their low weight and small size, can be consumed anywhere, and are easy to open. Owing to this, consumers are increasingly turning towards products packaged in stick packs.
North America is expected to Hold the Largest Share
- The growing working population in the region, coupled with their busy lifestyles, has given rise to the need for on-the-go consumable products as it allows the people with travel accessibility and ease of consumption. This is expected to drive the adoption of stick packs in the region. According to the International Monetary Fund, the employment in the united states is expected to grow from 139.08 million people in 2010 to 158.3 million people in 2020.
- In December 2019, ROAR Beverage Company launched its Electrolyte Powder Sticks, a three-SKU line of single-serving mix packets.
- In October 2019, Drink Nutrient, a United States-based start-up, launched a range of nutritional drinks in its home market. The offerings include Liquid Nutrient, Vitamin Booster+, and Vitamin Coffee in stick packs.
- The market in the region is also witnessing strategic expansions, thereby offering lucrative opportunities to the companies to increase their production capacities and, in turn, fuel the market growth. For instance, in February 2019, Cascata Packaging, to triple its tear-top pouch operation and launch its proprietary hot-fill, lap-seal, vertical stick pack filling line announced the completion of its multi-million-dollar plant expansion.
- Also, the players in the market are entering the region with the launch of new products. This is expected to drive the demand for stick packs in the region over the forecast period. In October 2019, Swisse Wellness entered the region with the launch of a new line of ‘jelly’ dietary supplements packaged in a stick pack.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Ease of Handling
4.2.2 Rising Trend of on-the-go Consumption
4.2.3 Rising Demand for Reduced Material Consumption while Manufacturing of Stick Packs
4.3 Market Restraints
4.3.1 Increasing Bans on Single Use Plastics
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness – Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By End-user Industries
5.1.1 Food
5.1.2 Pharmaceuticals
5.1.3 Cosmetics
5.1.4 Other End-user Industries
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amcor PLC
6.1.2 Constantia Flexibles
6.1.3 Glenroy, Inc.
6.1.4 Aristo Pharma GmbH
6.1.5 Fres-Co System Inc
6.1.6 UDG Healthcare plc.
6.1.7 Winpak Ltd
6.1.8 Sonoco Products Company
6.1.9 GreenSeed Contract Packaging
6.1.10 Sonic Packaging Industries
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/oaxq4s
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